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FBI links record Binance theft to North Korea

The FBI attributed the $6.3 billion theft from Binance to North Korea-linked hackers it calls TraderTraitor, The Verge and BleepingComputer reported. The exchange froze transactions after the attack, while users later withdrew $3.6 billion, according to the BBC. The stolen tokens were being converted to ether and prepared for further laundering.

Why it matters

The record theft tests exchange security and highlights the scale of cryptocurrency operations attributed to North Korean state-backed groups.

Sources

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